Chicago-based Core Industrial Partners LLC has purchased Stanfordville Machine & Manufacturing Co., a supplier of precision machined components and assemblies, for its Re3DTech+GoProto business.
Founded in 1975, the family-owned Stanfordville offers computer numerically controlled machining and assembly services across a variety of materials — aluminum, steel, stainless steel, brass, copper and plastic — at an AS9100- and ISO 9001:2008-certified facility serving the semiconductor, medical, aerospace, defense, electronics, instrumentation and packaging markets.
Matthew Puglisi, a partner at Core, said the acquisition continues its track record of partnering with multigeneration family-owned businesses.
"We are excited to work with the Johnsen family to build upon the excellent reputation Stanfordville has garnered over decades of providing high-quality precision manufacturing services," Puglisi said in a news release.
Stanfordville brings complementary precision manufacturing technologies and geographic presence to the Re3DTEech platform, which will enable it to better serve existing customers, according to Rock Lambert, operating partner at Core and chairman of Re3DTech.
"Further, we look forward to offering more comprehensive manufacturing capabilities, including additive manufacturing, to Stanfordville's customer base," Lambert said.
For almost 50 years, Stanfordville has differentiated itself with quality products for mission-critical applications, according to Stanfordville President Neal Johnsen.
"We're excited to partner with Core and continue to expand our family's legacy in the next phase of Stanfordville's growth as a part of the Re3DTech platform," Johnsen said.
Re3DTech also has locations in Illinois and California with additive manufacturing capabilities, such as multijet fusion, fused deposition modeling, selective laser sintering, stereolithography and polyjet printing.
San Diego-based GoProto Inc. was acquired in June 2022 for Re3DTech, a Grayslake, Ill.-based additive manufacturer with a focus on high-volume production parts.
Terms of the Stanfordville deal weren't announced. The transaction follows Core's acquisition of Tenere Inc., a Dresser, Wis.-based manufacturer with injection molding operations, in July 2022 for its CGI Manufacturing Holdings platform.
Core Industrial Partners is a private equity firm that says it has made $700 million of capital commitments in lower- to middle-market North American businesses.